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Which of the following classes of liabilities would most likely have the lowest recovery rate given its priority of claims in case of bankruptcy? Subordinated

Which of the following classes of liabilities would most likely have the lowest recovery rate given its priority of claims in case of bankruptcy?
Subordinated or Mezzanine Debt
Senior Secured Debt
Senior Debt
All Listed have equal recovery rates.
Subordinated or Mezzanine Debt
Senior Secured Debt
Senior Debt
All listed are equal in priority
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